Great Depression Causes
The major cause of the Great Depression was what?
The stock market crashing, buying things you could not afford, companies overproducing goods
Many people had bought products on credit. When the market crashed and people lost their savings, they were unable to pay companies what they owed them. When these companies started losing money because of this, they had to ________ many of their workers
Fire / Layoff
What was the Dust Bowl?
An ecological disaster in the Great Plains region, resulting from poor farming practices and a drought. The erosion of the top soil was destructive and deadly.
What were some of the things that FDR promised to do if he were elected President?
Give people aid and assistance, created more jobs, fix the economy
What decade did the Great Depression mainly take place in?
1930's
The Great Depression came right AFTER which period of economic prosperity in the United States?
The Roaring 20's
If many people are unemployed, they are not making money. If people are not making money they are also unable to ______
Buy products
Name at least 2 causes of the Dust Bowl
Bad farming techniques, severe drought, unusually hot temperatures
FDR created many different programs and government agencies aimed at helping people who were struggling from the Great Depression. Together, these programs were known as the _______?
Why did FDR try to "pack" the Supreme Court?
Because the Supreme Court was deciding if some of his New Deal programs were unconstitutional. He knew that if he added more judges, the court would have a better chance to rule in his favor
Many people were buying things that they could not afford. This is called buying things on ______ ?
Credit
Encampments consisting of shacks, tents, and other poorly built houses where people ended up living were known as what?
Hoovervilles / Shantytowns
Why did people living through the Dust Bowl have a hard time surviving when they moved west to California or East to New York?
Because the Great Depression was happening and they could not find work
FDR had three main goals. What were they?
Relief for people struggling
Recover the economy
Reform business practices
"The three R's"
What are some examples of "relief"?
Money that the government gives to those in need, food, clothing, shelter
October 29th, 1929 is the date that the stock market crashed. What is this date also known as?
Black Tuesday
This man was President during the start of the Great Depression. He felt that the government should not offer aid and assistance to people, even if they were struggling.
Herbert Hoover
Another name for the area of the country where the Dust Bowl took place
The Great Plains
What were FDR's belief about the role of the Federal government?
The Federal government should help individuals in need and should take action to support the economy
A __________ is a piece or share of a company
Stock
A big factor leading to the failure of banks was people buying on margin. This is when _______.
people take out a loan to buy stock.
When people could not afford food during the Great Depression, where could they go to get some?
Soup kitchens or Bread lines
Name 2 things that were done to help end the Dust Bowl
Trees were planted along the Great Plains
The government bought acres of land and turned them into grasslands
Farmers were taught better farming practices
What was the main reason that people gave for disagreeing with FDR's New Deal?
People did not want the government to be involved in their lives. They felt that the government should not be handing out aid and assistance to people.
What "rate" is used as a way to tell if the economy is doing good or bad
Unemployment Rate